DAVIS SELECTED ADVISERS

Long Only Manager

DAVIS SELECTED ADVISERS is a Long Only Manager based in Tucson, AZ led by Gary Paul Tyc, reporting $25.3B in AUM as of Q3 2025 with 33% Financial Services concentration and 50% concentrated in top 10 holdings.

PresidentGary Paul Tyc

Portfolio Value: $19.2B
Positions: 107
Top Holding: COF at 9.3%
Last Reported: Q3 2025

Address3600 E. Hemisphere Loop, Tucson, AZ, 85706-5041, United States

Top Holdings

Largest long holdings in DAVIS SELECTED ADVISERS's portfolio (50.4% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Capital One Financial COF	Financial - Credit Services Financial Services	$1.8B	9.30%	-$122.4M Sold	1.31% 8.4M shares	Q3 2014 Held for 11y 2m
2 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.3B	6.58%	-$288.1M Sold	0.07% 1.7M shares	Q4 2015 Held for 9y 11m
3 Applied Materials AMAT	Semiconductors Technology	$1.1B	5.94%	+$122.1M Bought	0.70% 5.6M shares	≤ Q2 2013 Held for 12y 5m+
4 U.S. Bancorp USB	Banks - Regional Financial Services	$939.1M	4.90%	+$4.8M Bought	1.25% 19.4M shares	≤ Q2 2013 Held for 12y 5m+
5 CVS Health CVS	Medical - Healthcare Plans Healthcare	$859.7M	4.49%	-$13.8M Sold	0.90% 11.4M shares	Q4 2018 Held for 6y 11m
6 MGM Resorts International MGM	Gambling, Resorts & Casinos Consumer Cyclical	$830.2M	4.33%	+$4.6M Bought	8.80% 24.0M shares	Q3 2023 Held for 2y 2m
7 Berkshire Hathaway BRK.A	Insurance - Diversified Financial Services	$752.7M	3.93%	-$50.5M Sold	0.07% 998.0 shares	Q4 2019 Held for 5y 11m
8 Markel MKL	Insurance - Property & Casualty Financial Services	$713.9M	3.73%	+$4.6M Bought	2.95% 373.5K shares	≤ Q2 2013 Held for 12y 5m+
9 Amazon AMZN	Specialty Retail Consumer Cyclical	$689.0M	3.60%	-$28.8M Sold	0.03% 3.1M shares	≤ Q2 2013 Held for 12y 5m+
10 Viatris VTRS	Drug Manufacturers - Specialty & Generic Healthcare	$686.5M	3.58%	+$29.4M Bought	5.95% 69.3M shares	Q4 2020 Held for 4y 11m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in DAVIS SELECTED ADVISERS's latest filing

See all changes

GthenC

Market Value

$19.2B

Prior: $18.7B

Q/Q Change

+2.42%

+$452.1M

Net Flows % of MV

-2.31%

Turnover Ratio

5.89%

New Purchases

3 stocks

$306.5M

Added To

59 stocks

+$600.5M

Sold Out Of

3 stocks

$172.9M

Reduced Holdings

36 stocks

-$1.2B

Increased Positions

Position	Shares Δ	Change
1 Pinterest, Inc. PINS	New	0 → 7.9M +$253.9M
2 Chime Financial, Inc. Class A Common Stock CHYM	New	0 → 2.4M +$48.4M
3 Synopsys SNPS	New	0 → 8.7K +$4.3M
4 Coterra Energy CTRA	+112.93%	9.3M → 19.9M +$249.4M
5 COPT Defense Properties CDP	+104.84%	147.5K → 302.1K +$4.5M

Decreased Positions

Position	Shares Δ	Change
1 Coupang CPNG	Sold	5.8M → 0 −$172.4M
2 Apple AAPL	Sold	1.3K → 0 −$259.5K
3 Exxon Mobil XOM	Sold	2.1K → 0 −$222.7K
4 Microsoft MSFT	-78.91%	248.0K → 52.3K −$101.3M
5 Humana HUM	-76.67%	1.7M → 385.5K −$329.7M